STOCK MARKET CALLS | NIFTY OUTLOOK | ANALYSIS 18TH MAY 2012

NIFTY OUTLOOK FOR  18TH  MAY  2012

NIFTY SPOT LEVEL

TREND – BEARISH

SUPPORT 1	4840
SUPPORT 2	4810
RESISTANCE 1	4910
RESISTANCE 2	4950

BANK NIFTY FUTURES :

TREND- BEARISH

SUPPORT 1	9060
SUPPORT 2	8980
RESISTANCE 1	9275
RESISTANCE 2	9410

STOCK MARKET REVIEW: 17TH MAY 2012

STOCK MARKET CALLS

BSE Small-Cap index was up 0.12% while the BSE Mid-Cap index finished 0.04% up.CNX MIDCAP 50 index was up 0.18% and S&P CNX 500 was up around 0.22%. The SENSEX closed 40 points up at 16,070 and the NIFTY stood at 4871, up by 13 points.

BSE SENSEX and NIFTY opened in green and extended the gain but shed in later trading hours over the weaker global cues. The rally in initial hours seen due to short covering as markets took a heavy fall yesterday. State Bank of India, ITC CIGARETTES, and HDFC pulled the market up while pressure was created over the index by L&T, ICICIBANK, BHEL, ONGC and TCS. Indian Rupee appreciated by 20 paise after hitting a all time low of 54.57 against the DOLLAR. Mahindra satyam fell 3.7% while DISHTV shot up 10% after fourth quarter results.

Nifty Gainers

Today’s nifty top gainer were

AMBUJACEM changed 4.57% with 15, 21,315 volumes

SAIL changed 4.02% with 25, 72,248 volumes

ITC changed 3.56% with 1, 01, 32,341 volumes

Nifty Losers

Today’s nifty top losers were

RELINFRA with volume 22, 76,264 and changed -3.56%

L&T with volume 33, 86,277 and changed -3.50%

M&M with volume 13, 21,455 and changed -3.34%

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